NVR Q3 revenue rises 6% to $2.73 billion; net income dips 1% to $429.3 million
NVR reported third-quarter 2024 net income of $429.3 million, or $130.50 per diluted share, down 1% in net income but up 4% in diluted earnings per share from a year earlier. Revenue rose 6% to $2.73 billion, while the gross profit margin in homebuilding fell to 23.4% from 24.3%, which the company attributed to higher lot costs and closing cost assistance. The results show higher sales alongside slightly lower net profit for shareholders.
Key points
- Third-quarter net income was $429.3 million, down 1% from $433.2 million; diluted EPS was $130.50, up 4% from $125.26.
- Consolidated revenue was $2.73 billion, up 6% from $2.57 billion; new orders rose 19% to 5,650 units.
- Homebuilding gross profit margin fell to 23.4% from 24.3%; mortgage banking segment pre-tax income fell 9% to $34.9 million.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.